Land records; recording and indexing fees. (HB414)

Introduced By

Del. Kelly Fowler (D-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Land records; recording and indexing fees. Provides that no clerk of a circuit court shall assess separate recording and indexing fees for one document that contains two or more instruments that may serve independent legal purposes, including a record of a mortgage as a financing statement, unless the person presenting such document or instruments requests that such document or instruments be recorded and indexed in more than a single instance. The bill also provides that no recordation tax shall be required of a quitclaim deed between a grantor and grantee when no consideration has passed between the parties, provided that such quitclaim deed shows on its face that no consideration has passed. Read the Bill »

Notes

According to the fiscal impact statement, this legislation (HB 414) would have an unknown negative impact on state and local revenues. The specific cost is not available, but it is noted that there would be a negative revenue impact.

Fiscal impact statement automatically summarized by OpenAI.

Outcome

Bill Has Failed

History

DateAction
01/08/2024Committee
01/08/2024Prefiled and ordered printed; offered 01/10/24 24102630D
01/08/2024Referred to Committee for Courts of Justice
01/19/2024Assigned Courts sub: Civil
01/22/2024Subcommittee recommends reporting (7-Y 0-N)
01/25/2024Impact statement from TAX (HB414)
01/26/2024Reported from Courts of Justice (21-Y 0-N) (see vote tally)
01/30/2024Read first time
01/31/2024Read second time and engrossed
02/01/2024Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/01/2024VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/02/2024Constitutional reading dispensed
02/02/2024Referred to Committee for Courts of Justice
02/14/2024Reported from Courts of Justice (14-Y 0-N) (see vote tally)
02/14/2024Rereferred to Finance and Appropriations
02/27/2024Passed by indefinitely in Finance and Appropriations (15-Y 0-N) (see vote tally)

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